Is Millington Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Millington Township is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Millington Township was a Seller's Market.

Key Takeaway

Millington Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Millington Township, MI

How much do homes in Millington Township, MI cost?

Median Sold Price

$190,000

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,050(+2.7%)

Key Takeaway

Homes in Millington Township have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Millington Township was $190,000 in November 2024, up 2.7% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $157.4K$174K
+10.5%
2 $161.3K$150K
-7.0%
3 $175K$184.9K
+5.7%
4 $242.5K$229K
-5.6%
5+ $247.2K$425K
+71.9%

Summary: Millington Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 71.9%.

Median Sold Price Compared To Nearby Cities

Marathon Township
+13.3%
Vassar Township
+3.9%
Millington Township
+2.7%
Millington
+2.7%

Housing Supply in Millington Township, MI

How many homes are available in Millington Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2520-20.0%

Summary: The Millington Township real estate market had 20 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 1714
-17.6%
4 41
-75.0%
5+ 13
+200.0%

Summary: The Millington Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
103-70.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Millington Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Millington Township in November 2024, down by 70.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Millington Township, MI

How long does it take to sell a home in Millington Township, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
63 Days22 Days-65.2%

Summary: Homes in Millington Township had an average of 22 days on market in Nov 2024, down by 65.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Millington Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Millington Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Millington Township, MI

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